52392/Portfolio Management
US businesses, employees and payroll, 2017 to 2023
420K
employees, 2023
420K
employees, 2023
In 2023, 44,443 US Portfolio Management business locations employed 420,180 people and paid $118.8 billion in annual payroll, $282,828 per employee on average. Employment was up 9.7% from 2022. New York had the most employees.
Updated Oct 9, 2026 · data year 2023
Business locations
44,443
+2.8% vs 2022
Employees
420,180
+9.7% vs 2022
Annual payroll
$118.8B
+3.7% vs 2022
Average pay
$282,828
-5.5% vs 2022
Over the years
United States, 2017 to 2023
Employees
Paid employees in mid-March
Business locations
Places with paid employees
By state
Employees of Portfolio Management in each state, 2023
Employees by state
States with the most employees
Employees and the share of all the state's jobs
| State | Business locations | Employees | Average pay | Share of state jobs |
|---|---|---|---|---|
| New York | 2,533 | 79,725 | $487,761 | 0.91% |
| California | 4,440 | 45,395 | $333,891 | 0.28% |
| Pennsylvania | 1,514 | 35,816 | $158,185 | 0.63% |
| Massachusetts | 1,188 | 27,141 | $345,846 | 0.78% |
| Texas | 3,776 | 25,452 | $209,371 | 0.21% |
| Florida | 2,645 | 18,367 | $293,222 | 0.18% |
| Illinois | 2,144 | 18,183 | $283,069 | 0.32% |
| Maryland | 662 | 11,686 | $215,440 | 0.47% |
| Connecticut | 780 | 11,174 | $447,357 | 0.73% |
| New Jersey | 901 | 10,516 | $260,026 | 0.27% |
| Ohio | 1,620 | 10,091 | $161,212 | 0.20% |
| Minnesota | 1,166 | 9,694 | $194,745 | 0.35% |
| North Carolina | 1,373 | 8,839* | $167,046 | 0.21% |
| Washington | 1,290 | 8,826 | $199,205 | 0.29% |
| Georgia | 1,212 | 8,175 | $191,489 | 0.19% |
The 15 states with the most employees. Download the CSV for all 51.
Top metro areas
Metro and micro areas with the most Portfolio Management employees, 2023
Metro areas with the most employees
| Metro area | Locations | Employees | Average pay |
|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ | 2,533 | 82,674 | $482,691 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 792 | 29,911 | $160,456 |
| Boston-Cambridge-Newton, MA-NH | 1,040 | 26,183 | $352,260 |
| Los Angeles-Long Beach-Anaheim, CA | 1,544 | 20,880 | $361,531 |
| Chicago-Naperville-Elgin, IL-IN | 1,595 | 16,366 | $296,682 |
| San Francisco-Oakland-Fremont, CA | 965 | 14,021 | $397,488 |
| Dallas-Fort Worth-Arlington, TX | 1,351 | 11,871 | $196,695 |
| Baltimore-Columbia-Towson, MD | 325 | 9,408* | $216,749 |
| Miami-Fort Lauderdale-West Palm Beach, FL | 886 | 8,197 | $439,530 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 835 | 8,131 | $209,435 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 718 | 8,064 | $257,861 |
| Bridgeport-Stamford-Danbury, CT | 405 | 8,042 | $536,888 |
| Atlanta-Sandy Springs-Roswell, GA | 845 | 6,645 | $202,416 |
| Denver-Aurora-Centennial, CO | 702 | 6,060 | $218,386 |
| Houston-Pasadena-The Woodlands, TX | 812 | 5,617 | $245,669 |
Business size
US Portfolio Management business locations by number of employees, 2023
Locations by size
| Employees | Locations | Share |
|---|---|---|
| Under 5 | 33,840 | 76.1% |
| 5 to 9 | 5,471 | 12.3% |
| 10 to 19 | 2,475 | 5.6% |
| 20 to 49 | 1,518 | 3.4% |
| 50 to 99 | 579 | 1.3% |
| 100 to 249 | 345 | 0.8% |
| 250 to 499 | 133 | 0.3% |
| 500 to 999 | 50 | 0.1% |
| 1,000 or more | 32 | 0.1% |
Related industries
Portfolio Management and the 1 industry directly below it
Part of Finance and Insurance 52Securities, Commodity Contracts, and Other Financial Investments and Related Activities 523Other Financial Investment Activities 5239
| Code | Industry | Employees | Average pay |
|---|---|---|---|
| 523920 | Portfolio Management | 420,180 | $282,828 |
Questions and answers
How many people work in Portfolio Management in the US?
420,180 people worked at 44,443 US Portfolio Management business locations in 2023, up 9.7% from 2022. That is 0.30% of all US private-sector employees.
What is the average pay in Portfolio Management?
$282,828 a year per employee in 2023, from $118.8 billion in annual payroll (down 5.5% from 2022). The average across all US industries was $68,342.
Which state has the most Portfolio Management jobs?
New York had the most, with 79,725 employees in 2023, followed by California (45,395) and Pennsylvania (35,816).
Which metro areas have the most Portfolio Management jobs?
New York-Newark-Jersey City, NY-NJ (82,674), Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (29,911), Boston-Cambridge-Newton, MA-NH (26,183) had the most Portfolio Management employees in 2023.
Are most Portfolio Management businesses small?
94.0% of the 44,443 Portfolio Management business locations had fewer than 20 employees in 2023, and 82 had 500 or more.
Official US government statistics, published once a year. Business locations are places with paid employees; employees are counted in mid-March; payroll covers the whole year. Covers most private employers, not the self-employed, most government workers or farm workers on farms. * Less accurate: changed by 5% or more to protect privacy. Changes from the year before are shown only when both years use the same edition of the industry codes.